Appointments
Deepak Malik replaces Monish Dutt as Ecobank Transnational Incorporated Director
The Board of ETI has appointed Deepak Malik as a Non-Executive Director of the parent company of the Ecobank Group.
The Board of Ecobank Transnational Incorporated (ETI) has appointed Deepak Malik as a Non-Executive Director of the parent company of the Ecobank Group.
The Details: Malik joined the ETI Board of Directors as a nominee of Arise B.V. (“Arise”) which currently holds a 14.1% equity stake in ETI following its purchase of shares previously held by IFC and the funds managed by the IFC Asset Management Company in August 2019.
This development is coming immediately after the resignation of Monish Dutt as a Director of ETI following his nomination for the same position by International Finance Corporation (IFC).
In a statement released by the Group to the Nigerian Stock Exchange (NSE) and signed by its company secretary, Madibinet Cisse, the board conveyed its gratitude to Dutt who contributed immensely to the success of Ecobank Transnational Incorporated while in office.
Profile of Deepak Malik: Since January 2017, Deepak Malik has been the Chief Financial Officer of Arise whose core mandate is to partner with sustainable financial service providers to advance financial inclusion in Africa.
[READ MORE: IWEC Foundation appoints FirstBank’s Ibukun Awosika as new president of its Board of Directors]
Prior to joining Arise, Mr Malik was part of the management team at Norfund, a Development Finance Institution where he held the positions of Head of Southern Africa Office and Head of Department, Financial Institutions, for over 13 years. In these roles, he had overall responsibility for Norfund’s financial institutions portfolio in the Sothern Africa region, Central America and South Asia.
Mr Malik has also been the Regional Representative of the Investment Fund for Developing Countries (IFU), which is the Danish Government’s investment arm for developing countries, Managing Director of the Development Bank of Zambia. He held senior executive positions at Zambia Consolidated Copper Mines.
He is currently on the Board of Directors of various financial institutions.
Mr. Malik is a Fellow of the Institute of Chartered Accountants, India, and has a Bachelors’ Degree in Commerce (Honours) from the University of Delhi, India.
Appointments
Stanbic IBTC Holdings Plc appoints Sola David-Borha as Non-Executive Director
Sola David-Borha has been appointed as a non-Executive Director to the board of Stanbic IBTC Holdings Plc.
Stanbic IBTC Holdings Plc has announced the appointment of Mrs Sola David-Borha to its board as a Non-Executive Director, subject to the receipt of all required regulatory approvals.
In a statement issued by the company, signed by the company’s secretary Mr. Chidi Okezie and sent to the Nigerian Stock Exchange, stated that “Mrs. David- Borha is currently the Chief Executive, Standard Bank (Africa Regions). Prior to that, she served as Chief Executive of Stanbic IBTC Holdings PLC (2012-2017) as well as the Bank (2011-2012), after holding various executive positions in Corporate Banking; Corporate & Investment Banking; and Investment Banking Coverage for Africa (excluding South Africa). She is also an Independent Non-Executive Director on the Board of CocaCola Hellenic Bottling Company.”
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She has a vast experience in the financial world and an astute board leader with a keen corporate governance. Sola has led and sat on various boards including being the former Vice Chairman for the Nigerian Economic Summit Group, subsidiaries of the Stanbic IBTC and Standard Bank Groups, Coca-Cola HBG A, and many others. She is also vastly educated having obtained MBA from the prestigious Manchester Business School and Bsc in Economics from the University of Ibadan. She is also an honorary fellow of the Chartered Institute of Bankers of Nigeria (CIBN).
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Recall that Stanbic IBTC had earlier declared a Profit After Tax (PAT) of N45.2 billion for H1, 2020. Its gross earnings also increased by 7.8% to N126.57 billion with a basic earnings per share of 419 kobo and a proposed interim dividend payment of 40 kobo per share.
Appointments
HealthPlus appoints Chidi Okoro as Chief Transformation Officer
Chidi Okoro has been appointed as Chief Transformation Officer of HealthPlus Limited.
Leading West African pharmaceutical chain, HealthPlus Limited has appointed Chidi Okoro as Chief Transformation Officer.
Mr. Okoro’s mission is to optimize day-to-day management and elevate the business to novel scale and profitability. The founder of the Company Mrs. Bukky George continues to be a director and a shareholder.
Leading healthcare and consumer private equity firm Alta Semper Capital, which controls the majority shareholder of HealthPlus, has simultaneously announced its continued commitment to the Company and desire to inject fresh capital to accelerate growth and utilize emerging opportunities in global healthcare. Following the onset of the COVID-19 pandemic, HealthPlus’ strong brand, diverse product mix and wide footprint uniquely position the business to be on the forefront of supply chain innovation and strategic expansion.
Reacting to the appointment, Okoro said, “I would like to recognise HealthPlus’ role in spearheading the evolution of modern pharmacies across Nigeria and scaling retail capabilities in the industry overall. I am incredibly excited to now have the opportunity and the resources to take the platform to the next level, at a time of unrivalled opportunity for the sector. I look forward to working with all stakeholders to achieve even greater things in the future.”
Mr. Okoro is a licensed pharmacist and management executive with over thirty years of multinational and multisector experience, spanning leadership roles in pharmaceuticals, personal care, food, and telecommunications.
Founded in 1999, HealthPlus as Nigeria’s first integrated pharmacy platform and the largest and fastest-growing pharmacy chain in West Africa. It operates over seventy retail pharmacy and beauty care locations and is the largest private employer of pharmacists in Nigeria. Its extensive product portfolio includes Prescription-Only-Medicines, Over-the-Counter Medications, and personal care items, with a strong emphasis on local procurement and an active drive for community building.
Appointments
Flour Mills appoints Juliet Anammah to the Board of Directors
Juliet Anammah has been appointed to the Board of Directors of Flour Mills of Nigeria Plc.
Nigeria’s leading integrated food business and Agro-allied group, Flour mills of Nigeria Plc has announced the appointment of Juliet Anammah, to the board of Directors.
The appointment was announced in a disclosure sent to the Nigeria Stock Exchange today, which was seen by Nairametrics.
This disclosure which was signed by the Company’s Secretary, Umolu Joseph, confirmed the appointment of Anammah, to the board of Directors effective from 10th September.
Juliet, who is the current Chair of the Board, Jumia Nigeria, and Head of Institutional Affairs across Africa brings a vast experience in the consumer product industry, along with excellent skills in product creation and high-profile brand building.
It is noteworthy that Mrs Anammah, while the CEO of Jumia led the company through a period of impressive growth, and subsequently to become the first African tech company to be listed on the New York Stock Exchange in 2019.
Read more: Jumia officially lists on the New York Stock Exchange
Speaking about the appointment, Mr John Coumantaros, Chairman of the Board says the appointment is of tremendous value to FMN, as it will help to position the group to take advantage of the changing consumer landscape in the foods and Agro-allied sectors.
“I am truly excited to welcome Juliet to the Board of Directors. Her over 28 years of executive leadership experience in business consulting and e-commerce in Africa will be of tremendous value to FMN, as we continue to position the group to take advantage of the changing consumer landscape in the foods and agro-allied sectors,” Coumantaros said.
Coumantaros emphasized that the appointment represents the Boards’ determination to ensure a diverse mix of skills and viewpoints on the FMN Board in a bid to fulfil the purpose of feeding the nation, every day.
About Mrs Juliet Anammah
Mrs Juliet Anammah has over twenty-five years of professional experience in Consumer Goods, Sales and Marketing Management Consulting and E –commerce. She started her career with Sanofi Aventis in 1991 and worked in key sales/marketing capacities until 1999, when she joined Accenture’s Strategy service line as a senior consultant.
In 2004 she launched Accenture’s Products Operating Group which covers Accenture’s consulting services for Fast Moving Consumer Goods, Retail and Transport Industries in West Africa. Juliet became a Partner in Accenture in 2013.
She is presently the Managing Director/Chief Executive Officer of Jumia Nigeria, a position she undertook in 2015 and oversaw Jumia’s transition from online Retail to a Marketplace. Jumia is an online marketplace operating in 15 African countries. Jumia’s scope covers E–commerce, Travel booking, Food ordering and Classifieds.
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